ASIC Supervisory Cost Recovery Levy (Consequential Amendments) Act 2017 (45 of 2017)

Schedule 1   Amendments

National Consumer Credit Protection Act 2009

28   At the end of subsection 54(1)

Add:

; or (d) in the case of a licensee that is a leviable entity (within the meaning of the ASIC Supervisory Cost Recovery Levy Act 2017) - the following have not been paid in full at least 12 months after the due date for payment:

(i) an amount of levy (if any) payable in respect of the licensee;

(ii) an amount of late payment penalty payable (if any) in relation to the levy;

(iii) an amount of shortfall penalty payable (if any) in relation to the levy.